US500: A further correction towards 5192 before resuming purchases.
Bearish Scenario: Sales below 5220... Bullish Scenario: Buys above 5225 (if price fails to break below decisively) ...
Swiss National Bank Supports that Negative Rates are Necessary
2020-10-13 • Updated
Ichimoku Kinko Hyo
USD/JPY: The pair is trading in a bearish sentiment below the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bearish momentum.
Fibonacci Levels
XAG/USD: Silver stands on 23.6% retracement area and continues to be a bullish trend.
EU Market View
European stock markets are seen opening mixed Tuesday, with investors having to sift through the conflicting impulses of strong Chinese export data and a setback in the progress towards a Covid-19 vaccine. Looking ahead, highlights from the macroeconomic calendar include German CPI (Final) and ZEW, UK Unemployment, US CPI, Fed Discount Rate Minutes, Apple Event, EU Ministers on Brexit, and Amazon Prime Day. Earlier Tuesday, official data showed that China's exports grew at a slightly faster rate in September, up 9.9% on the year last month, compared with a 9.5% increase in August. This marks a fourth straight month of gains, suggesting that a global economic recovery is underway.
European economic news was less impressive, with German consumer prices falling in September, confirming preliminary data, and the UK unemployment rate climbing to 4.5% in August, higher than expected.
EU Key Point
- ECB sources said several policymakers are reluctant to follow the Fed's Average Inflation targeting
- SNB's Jordan supports that we are not big fans of negative interest rates, but it is necessary
- Trump says that will spend more money if campaign spending is not enough
- Japan's Aso says G7 finance ministers will meet later Tuesday, issue a statement
- China September exports comes at +8.7% y/y (vs. +10.5% expected)
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US30 Trading Strategy and Key Levels: Where Are the Supply and Demand Zones?
Bearish Scenario: Sell below 39600... Anticipated Bullish Scenario: Intraday buys above 39750... Bullish Scenario after Retracement: Intraday buys above 39150
US100: Consolidated and preparing correction below 18100. Key levels on H4!
Bearish scenario: Shorts below 18100 with TP1: 17900... Anticipated bullish scenario: Intraday Longs above 18130 with TP...
Latest news
USD: Powell Speaks on Cutting Interest Rates
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
WTT: Currency Pairs To Trade In April
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
EURUSD: Seeking liquidity in weekly selling zones. Key intraday levels.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
